Showing 91 - 100 of 457,854
Persistent link: https://www.econbiz.de/10013209767
document that firms with characteristics indicating low power to bargain for favorable terms in a takeover, but also indicating …
Persistent link: https://www.econbiz.de/10013145260
This paper tests Leland's (2007) theoretical prediction that depending on specific merger conditions, corporate coinsurance can generate either synergistic gains accruing to both creditors and equityholders or a wealth transfer from stockholders to bondholders. We observe that in merger deals of...
Persistent link: https://www.econbiz.de/10013146626
We study the role of institutional investors in cross-border mergers and acquisitions (M&As). We find that foreign institutional ownership is positively associated with the intensity of cross-border M&A activity worldwide. Foreign institutional ownership increases the probability that a merger...
Persistent link: https://www.econbiz.de/10013148427
Shareholders of U.S. corporations have lost billions of dollars in acquisitions they never approved. In the United Kingdom the listing rules give shareholders a binding say when targets are large relative to acquirers. A transatlantic comparison suggests that if U.S. shareholders had a say on...
Persistent link: https://www.econbiz.de/10013243113
announcement events. Takeover announcements are not random because managers decide rationally whether to bid or not, this indicates …
Persistent link: https://www.econbiz.de/10013077619
Persistent link: https://www.econbiz.de/10009736741
Persistent link: https://www.econbiz.de/10012239327
Persistent link: https://www.econbiz.de/10012239340
subsequently become targets of a takeover and 52 privatized firms that become bidders in mergers. Our results indicate that target …
Persistent link: https://www.econbiz.de/10011568755